Research & Analysis

Moroccan banks do not to subscribe to BAM's currency buyback operations for the second week in a row, following calls for tenders on the interbank foreign exchange market.

The results of the various methods computed in this 19th edition - November 2021.    

During the last auction session in the interbank foreign exchange market, Bank Al-Maghrib did not carry out any transactions on the MAD.

In this 11th edition, we analysed the AGR Africa Bond Index evolution during Q3-21.

Moroccan banks do not to subscribe to BAM's currency buyback operations for the second week in a row, following calls for tenders on the interbank foreign exchange market.

For this edition, we note a continued improvement in investor confidence toward the Equity market.

At the end of the 1st half of 2021, Eqdom confirms the recovery of its activity by recording a 48.0% increase in its loan production compared to H1-20 to MAD 1,279 Mn.

Taking into account $ 88 Mn BAM currency buyback program from local banks this week, the cumulative amount of interventions on the interbank foreign exchange market since last September stands at MAD 6.8 Bn.

At the end of the first two quarters of 2021, SNEP posted revenues up +19.3% and +38.6% respectively. Thus, the half-year turnover settled at MAD 517 Mn, i.e. an increase of +28.0%. This is an achievement rate higher than our initial forecasts, i.e. 55%.